Autoliv, Inc. (NYSE:ALV) Sees Large Increase in Short Interest

Autoliv, Inc. (NYSE:ALVGet Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,230,000 shares, a growth of 55.4% from the April 15th total of 791,300 shares. Based on an average daily trading volume, of 773,900 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the company’s stock are sold short.

In related news, insider Fredrik Westin sold 1,060 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $75.38, for a total value of $79,902.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mikael Bratt sold 935 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Nordea Investment Management AB grew its position in shares of Autoliv by 11.2% during the first quarter. Nordea Investment Management AB now owns 2,062,144 shares of the auto parts company’s stock valued at $157,754,000 after purchasing an additional 206,952 shares in the last quarter. BlackRock Inc. grew its position in shares of Autoliv by 6.1% during the first quarter. BlackRock Inc. now owns 1,994,029 shares of the auto parts company’s stock valued at $152,425,000 after purchasing an additional 113,949 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Autoliv by 21.0% during the first quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock valued at $138,693,000 after purchasing an additional 315,473 shares in the last quarter. FIL Ltd grew its position in shares of Autoliv by 70.6% during the third quarter. FIL Ltd now owns 1,587,160 shares of the auto parts company’s stock valued at $136,051,000 after purchasing an additional 656,722 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Autoliv by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,529,141 shares of the auto parts company’s stock valued at $116,893,000 after purchasing an additional 56,748 shares in the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

Shares of ALV stock opened at $74.41 on Friday. Autoliv has a 52-week low of $69.69 and a 52-week high of $110.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.98 and a current ratio of 1.28. The firm has a market capitalization of $6.50 billion, a PE ratio of 18.06 and a beta of 1.67. The stock has a fifty day simple moving average of $74.82 and a two-hundred day simple moving average of $90.95.

Autoliv (NYSE:ALVGet Rating) last issued its quarterly earnings results on Friday, April 22nd. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.00). Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the company posted $1.79 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Autoliv will post 4.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 13th. Shareholders of record on Tuesday, May 24th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.56 dividend on an annualized basis and a yield of 3.44%. Autoliv’s payout ratio is presently 62.14%.

Several equities analysts recently issued reports on the company. Credit Suisse Group assumed coverage on Autoliv in a research report on Thursday, February 17th. They issued a “neutral” rating and a $105.00 price objective on the stock. Wells Fargo & Company lowered their price target on Autoliv from $87.00 to $74.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. UBS Group raised Autoliv from a “neutral” rating to a “buy” rating and lowered their price target for the company from $103.00 to $90.00 in a report on Monday, May 9th. Royal Bank of Canada lowered their price target on Autoliv from $116.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. Finally, Robert W. Baird lowered their price target on Autoliv from $88.00 to $77.00 in a report on Monday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.41.

Autoliv Company Profile (Get Rating)

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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